Glaucoma treatment market value to reach $3 billion by 2023

By Admin
The treatment market for glaucoma will rise in value from $2.4 billion in 2013 to approximately $3 billion by 2023 across the seven major markets (7MM...

The treatment market for glaucoma will rise in value from $2.4 billion in 2013 to approximately $3 billion by 2023 across the seven major markets (7MM) of the U.S., France, Germany, Italy, Spain, U.K., and Japan, representing a moderate overall Compound Annual Growth Rate (CAGR) of 2.4 percent, says research and consulting firm GlobalData.

The company’s latest report states that growth will be driven by the arrival of innovative first-in-class drugs, such as Rhopressa/Roclatan, Vesneo, and trabodenoson, and the introduction of additional fixed-dose combination (FDC) products, such as Tapcom/Taptiqom and Simbrinza, during the forecast period.

According to Catherine Daly, Ph.D., GlobalData’s Senior Analyst covering Neurology and Ophthalmology, sales for glaucoma treatment will remain relatively flat until 2016, followed by a period of sustained growth due to the arrival of pipeline drugs.

RELATED TOPIC: Japan's pharma market value is edging towards $80 billion by 2020

Daly says, “The six products anticipated to enter the 7MM during the forecast period will collectively generate sales of $672 million by 2023, constituting a 22.2 percent share of the global market.

“Aerie’s Roclatan is forecast to achieve the highest sales among these drugs, and is expected to generate approximately $262 million in 2023. Significant uptake of Roclatan in the U.S., due to the drug’s enviable position of becoming the first prostaglandin, analog-containing FDC product available in this large arena, will be the main overall market driver.”

GlobalData’s report also states that the U.S. will consolidate its position as the dominant country for glaucoma treatment within the 7MM. US sales are expected to increase from $1.7 billion in 2013 to $2.2 billion by 2023 at a CAGR of 2.5 percent, with its overall market share rising slightly from 70.7 percent to 71.6 percent over the same period.

RELATED TOPIC: Why the UK is the best European market for mHealth

Daly explains, “This increase is mainly attributed to the expected introduction of several new products between 2013 and 2023, and the overall increase in glaucoma prevalence that is mostly due to an aging society in the U.S..

“However, Allergan will lose patent protection for its FDC drug Combigan in 2022, allowing generic brimonidine + timolol FDC products to enter the arena. This will negatively impact the US market value and slow the overall growth rate in the last two years of the forecast period.”

Let's connect!   

[SOURCE: Pharmapoint: Glaucoma - Global Drug Forecast and Market Analysis to 2023]

Share

Featured Articles

Johnson & Johnson: Turning supplier spend into local support

Johnson & Johnson’s Global Supplier Diversity & Inclusion team is growing spending with social enterprises around the globe to expand its impact

Seasonal Affective Disorder’s impact on health & solutions

Dr Ravi Gill & Dr. Naomi Newman-Beinart discuss Seasonal Affective Disorder and its treatments, from vitamin D spray to light therapy

CGI teams up with Totalmobile for digital healthcare service

CGI is driving efficiency in healthcare. Hear from Helena Jochberger, at Manufacturing Digital LIVE, a free virtual event on Wednesday 6th December 2023

Deloitte: generative AI can improve access to healthcare

Technology & AI

Wipro & NVIDIA’s revolutionary healthcare uses generative AI

AI & ML

Healthtech platform CoverSelf extends seed round to US$8.2m

Technology & AI